Bulgarians’ Top Travel Choices in October: Greece and Turkey
In October, Bulgarians predominantly traveled to neighboring Turkey and Greece, while the largest groups of foreign visitors to Bulgaria came from Romania and Turkey
The Shah Deniz II consortium has suggested that it has chosen not to use Nabucco West for the transportation of natural gas from Azerbaijan's most promising field to Europe.
If this decision is formally confirmed and carried out, it will cast significant doubt over the protracted Nabucco project, designed to build a pipeline to transport Azeri gas to Europe.
The Shah Deniz consortium had to decide between Nabucco West and the Trans-Adriatic Pipeline (TAP).
The Nabucco project would have shipped Azeri gas from Turkey through Bulgaria, Romania, Hungary on to Austria, which has made Bulgaria a country highly committed to it.
On the other hand, TAP would transport natural gas directly westwards through Greece, Albania on to southern Italy.
The Shah Deniz consortium has informed Greek PM Antonis Samaras, as well as Nabucco shareholder OMV of its intention to choose TAP.
Shah Deniz II is operated by BP, together with Statoil, SOCAR, Total, Lukoil, NIOC and TPAO.
The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges
The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services
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